SBA Loans for Concrete Contractors

With these SBA loans for concrete contractors, the SBA guarantees the lender that the loan will be repaid. This concrete contractors loan for $280,000 was given to a Massachusetts entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mashpee, Massachusetts was able to borrow $280,000 from Cape Cod Bank & Trust Natl. The SBA made the loan possible by guaranteeing $210,000 of this Massachusetts small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER WELL DRILLING
MASHPEE, MA 02649

SBA Loan Lender

CAPE COD BANK & TRUST NATL
31 WORKSHOP RD
SOUTH YARMOUTH, MA 02664

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1781 - Water Well Drilling

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

8/22/2003

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $280,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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